White House backs Cures bill

Published November 30, 2016 2:12am ET



The White House signaled Tuesday evening that it will support a $6.8 billion medical research package despite concerns about how it will be funded.

The Obama administration released a statement saying it supports the 21st Century Cures Act, which will provide about $6.8 billion in new medical research funding and speed up approval of new drugs and devices. The package also includes $1 billion in grants for fighting opioid abuse.

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